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ERS of Texas approves A$65m commitment

The US public pension has backed a fund focused on North America, Western Europe and Asia-Pacific.

Employees Retirement System of Texas committed A$65 million to QIC Global Infrastructure Fund, which will seek private infrastructure investment opportunities.

The $25 billion US public pension has a 4 percent target allocation to infrastructure that currently stands at 1.3 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.